Umberella company offering increased take home under IR35

[NotAllThere]

Reposted:

I have been approached by an Umberella Company saying that they can increase my weekly take home by almost 50%. I'm on a contract inside IR35 and on questioning him it seems like he is asking me to pay tax,Ni etc only on National Minimum wage and the rest will be a non-assured income and hence cannot be taxed .
Has anyone come across this before ? Any warning signals going up? I dont want to end up with a massive tax bill from HMRC .

[NotAllThere]

Two words.

Run.
Away.

They will cream off a profit and when the tax man comes a-calling, you'll have a huge debt plus interest, and they'll disappear.

[eek]

Any warning signs - none apart from a very large one visible form outside this galaxy and all points within it

jist don’t do it

[NotAllThere]

Warn your friends and colleagues.

What was the name of the company offering this service? How did you get to hear of them?

[randomname]

Thanks, i guessed so. Not sure if i can post their name here?

[NotAllThere]

Thanks, i guessed so. Not sure if i can post their name here?

A company offering a service? Why would they object? Don't post a link though.

[northernladuk]

Thanks, i guessed so. Not sure if i can post their name here?

Definitely post their name here. People do search the forums to see if any company has been discussed before so very useful if their name is here to warn others.

[lucyclarityumbrella]

Don't tell me they said they were HMRC approved too???

[NotAllThere]

Don't tell me they said they were HMRC approved too???

And QC approved. Very important that. (And did they give the QC's name?)

[eek]

And QC approved. Very important that. (And did they give the QC's name?)

Robert “I approve of the lunch this scheme is paying for “Venables, Q.C.